Perhaps this is pretty off-the-wall, but what looks odd to me is the font used in the Gehrig engraving. The large "Most Valuable Player Award" has a distinctive "modern" mid-to-late 1950s look to it...not a 1936 style. The 1927 Ruth item used a more traditional kind of Gothic font.
The mid-1930s saw the development of the streamlined type styles that saw full bloom at the 1939 World's Fairs. I'm not sure how many engravers would have used (or even had access to) such an unusual design for such a significant piece in 1936.
A modern-day forger could easily screw up by being unfamiliar with what was customary in days gone by. One would think that there would be a photograph of Lou holding the award at that banquet...
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